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Reading: Your bailout money at work: Citigroup sues All Citi Pawn
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Your bailout money at work: Citigroup sues All Citi Pawn

Published on: February 3, 2009 at 3:40 PM ET
Duncan Riley
Written By Duncan Riley
News Writer

Citigroup, the American banking giant that survives today exclusively off the back of a $36.5 billion cash injection courtesy of the American taxpayer, is using some of those funds on high priced lawyers to sue a small New York pawn shop.

The bank alleges that All Citi Pawn infringes on Citigroup’s trademark by using the word “Citi” and with a logo that includes an arc.

Citigroup is seeking all of the business’ profits since it adopted the All Citi Pawn name.

Pawn shop manager Bob Kay told CNN : “What can I tell you? Its crazy. They’re going wild for a little art that I put up. Theirs is a moon shape, mine is a V-shape, but I’ve already taken it down.”

Your tax payer dollars at work America: thousand dollar an hour lawyers trying to put small businesses out of business. Makes you feel all warm and fuzzy inside, doesn’t it ?

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